June 24, 2012

Merkel's Choice: Europe or Austerity

Ben Fox, New Statesman

AP Photo

Everybody knows how this saga ends – either Merkel will back down or the euro falls apart. Ultimately, it is up to Germany, and to Angela Merkel, what path to choose. Will it be Europe or austerity? Either way, at least one of the country’s sacred cows will have to be slain.

Read Full Article ››

TAGGED: Eurozone, Germany, Angela Merkel

RECOMMENDED ARTICLES

June 22, 2012
Germany's Youth Don't Care About Euro
Doug Saunders, Globe & Mail
It is an awkward moment: Chancellor Angela Merkel, after letting the continent’s crisis slide into a debt emergency that is threatening the viability of Spain, Greece and Italy, is now demanding “more Europe” as the... more ››
June 15, 2012
It's a Poker Game, and Merkel Will Win
David Blair, Daily Telegraph
With 60 per cent of Germans believing Greece should leave the euro, the Chancellor will not be swayed from her dogmatic attachment to budgetary rigour. more ››
June 20, 2012
The Trouble With Ms. Merkel
New York Times
She has repeatedly insisted on austerity for hard-pressed countries, even when it has been a demonstrable failure. And, while she has correctly asserted that more aid on better terms should be accompanied by greater European... more ››
June 22, 2012
Germany Shouldn't Pay Everyone's Debts
Josef Joffe, The Guardian
Kaiser Bill would approve. A hundred years after he tried and failed, his heirs, a woman on top, have achieved mastery over Europe. And without firing a single shot – what an irony. Those nice pacifist Germans who refused... more ››
June 20, 2012
The Greatness of Angela Merkel
Jacob Heilbrunn
Poor Angela Merkel. She keeps getting bashed as the incarnation of all that is wrong with the German approach to Europe. The New York Times, for example, explains in an editorial that her approach is "piecemeal" and driving the... more ››